Collect a deposit
Many B2B businesses collect a percentage up front to kick off an order and the rest on delivery or on credit. Cord handles this natively: you set a deposit and Cord splits the charge into two parts automatically.
How to request a deposit
- When creating a quote, in step 3 of the editor, Terms, enter the Deposit (%) (for example, 50%).
- The editor shows you live how much your client will pay on approval and how much will be left as balance.
A deposit can’t be combined with a Monthly recurring charge (retainer): a retainer charges the total every month. 3. Save and send the quote as usual.
[!NOTE] If your business almost always asks for the same deposit, set it as a default under Settings → Quotes. Every new quote will be pre-filled with that percentage (you can change or remove it per quote).
What your client sees
On the public link, your client sees the full breakdown from the start: the total, how much they pay today as a deposit, and how much is left as balance with its due date. On approval:
- The deposit is payable immediately (card; SPEI for businesses billing in Mexican pesos; or, as a new feature, bank transfer with a reference in EUR, GBP, or USD if the quote has a linked client), straight to your bank.
- The balance stays pending. If the quote is cash, it’s also payable right away; if it’s on credit (for example, Net 30), the balance can be paid once the due date arrives.
Each part is an independent charge with its own payment link. The quote is marked as paid only once no charge remains pending.
Tax note
The deposit and balance are a collection tool, not automatic invoicing: you stamp the CFDI yourself from the quote. In Mexico, what was collected on the quote moves to the invoice when you stamp it; if a balance remains, the CFDI is issued PPD and every payment applied to the invoice gets its automatic payment complement. If your transaction is an advance in the SAT’s sense (the good, the service or its price were not determined), the SAT requires its advance-payment procedure, which Cord does not issue: review it with your accountant before stamping. See Invoicing deposits.